Essays from UxC's Conversion Market Outlook

Date

Title/Description

May2017

Market Update
This is the 2017 mid-year market update version of the Conversion Market Outlook.

Dec2016

China’s Conversion Industry – Status and Prospects
This year's essay is entitled “China’s Conversion Industry – Status and Prospects,” and reviews the current state of China’s uranium conversion capacities, the outlook for new production capacities, as well as various policy and market dynamics that are helping to shape China’s approach to the supply and procurement of UF6 conversion services for its growing nuclear power plant fleet.

May2016

Market Update
This is the 2016 mid-year market update version of the Conversion Market Outlook.

Dec2015

The Future of Utility Conversion Procurement
This year's essay is entitled “The Future of Utility Conversion Procurement” and reviews the latest market trends and views of utilities regarding the conversion market. Specific analysis is provided regarding the shifting nature of utility conversion contracting and how procurement trends may take shape in the future.

May2015

Market Update
This is the 2015 mid-year market update version of the Conversion Market Outlook.

Dec2014

Russia’s Conversion Industry in Transition
Chapter 1 presents our essay entitled “Russia’s Conversion Industry in Transition,” which discusses the historical and current state of Russia’s conversion industry and how recent decisions and market conditions may shape the country’s approach to uranium conversion in the future.

May2014

Market Update
This is the 2014 mid-year market update version of the Conversion Market Outlook.

Dec2013

Long-Term Market Fundamentals
This year's essay entitled “Long-Term Market Fundamentals,” which reviews the key issues impacting the market, the ways that both buyers and sellers of conversion are approaching the market, and the long-term outlook for supply and demand. We conclude with an examination of the long-term future for prices, with a new analysis of the likely future course for long-term contract prices of conversion.

May2013

Market Update
This is the 2013 mid-year market update version of the Conversion Market Outlook.

Dec2012

Conversion 2020: What the Future Holds
This year's essay entitled “Conversion 2020: What the Future Holds” examines the current state of the global conversion market and the major trends that are shaping the market in the near- and mid-term. The objective of this essay is to peer into the not too distant future so as to provide a more holistic understanding of what the conversion market may look like in the year 2020.

May2012

Market Update
This is the 2012 mid-year market update version of the Conversion Market Outlook.

Dec2011

The Conversion Market After Fukushima
This year's essay entitled “The Conversion Market After Fukushima” analyzes the impact of the Fukushima Daiichi nuclear power accident in Japan and its aftermath on the broader global conversion market as well as on key issues, such as supply and demand fundamentals, market dynamics, and the future prospects for this critical industry.

Apr2011

Market Update
This is the 2011 mid-year market update version of the Conversion Market Outlook.

Nov2010

China’s Conversion Industry: How Will They Get UF6?
This year's essay entitled “China’s Conversion Industry: How Will They Get UF6?” reviews our current understanding of China’s conversion supply and plans for future domestic production expansion. Using UxC’s Chinese UF6 supply and demand forecasts through 2030, the essay also provides in-depth analysis of how China may impact the broader global conversion market.

Apr2010

Market Update
This is the 2010 mid-year market update version of the Conversion Market Outlook.

Nov2009

Macro vs. Microeconomics: The Conversion Quandary
This year's essay, “Macro vs. Microeconomics: The Conversion Quandary” analyzes the anticipated gap forming between global supply and demand in conversion and how these might be filled through either new primary conversion capacities or additional secondary supplies. It also addresses the question of how and when new conversion capacity may be realized given the current lack of strong economic incentives.

Apr2009

Market Update
This is the 2009 mid-year market update version of the Conversion Market Outlook.

Nov2008

Hydrofluoric Acid and other Production Cost Issues
This year's essay, entitled “Hydrofluoric Acid and other Production Cost Issues,” analyzes the impact of increased costs on primary conversion suppliers. The essay includes a detailed analysis of the hydrofluoric acid (HF) market and the reasons behind recent large price increases to HF, which are being felt by converters. Other operating inputs, such as energy, environmental management, regulatory compliance, etc. are also addressed in order to understand the full impact that rising costs are having on current and future uranium conversion supply.

Mar2008

Market Update
This is the 2008 mid-year market update version of the Conversion Market Outlook.

Nov2007

A New Dawn for Conversion?
This year's essay is entitled “A New Dawn for Conversion?” and analyzes the prospects for conversion market supply and demand from the present to 2030. A number of changes to the supply picture are expected over the next 20+ years, and as demand is forecast to steadily grow, it is imperative to examine all the potential new sources of conversion supply over this crucial time period.

Jul2006

What happens when there is no HEU?
This issue's essay analyzes the existing conversion market following the disruptive supply-side events that took place in 2003-2004 timeframe. Questions concerning whether there will be an under- or over-supplied market are examined in light of an aging plant infrastructure, planned additions to capacity, and the end of the U.S.-Russia HEU deal.

Apr2005

Questions of New Capacity – And One Answer
This year's essay takes a look at today’s revised supply situation in light of the Cameco/BNFL announcement extending Springfields production. Questions concerning supply demand issues with respect to the Western market are examined. These issues, other fundamental changes, and the now a revised look at conversion supply are discussed in this year’s report.

Apr2004

Conversion - The Weak Link in the Supply Chain?
This essay reviews how recent events in the conversion market have brought this often overlooked component to the forefront of discussion. Without additional access to Russian capacity or increased availability of secondary supplies, conversion supply could potentially fall short of demand in the future. These issues, other fundamental changes, and the now delicate nature of the conversion supply are discussed in this year's report.

Jul2003

Update on UF6 Transportation Issues
This essay extends the discussion started last year on transportation and examines the factors that contribute to this supply/demand imbalance. This discussion presents information on and implications resulting from transportation requirements which are becoming a more important factor in this market environment.

Jul2002

The Growing Regional Conversion Imbalance
This essay takes a look at the factors that contribute to this supply/demand imbalance, presents information on new transportation requirements which are becoming a more important factor in this market environment, and examines the implications of these developments for buyers.

Apr2001

With BNFL gone, is ConverDyn still on the Brink?
This essay examines the market impacts and ramifications of the BNFL closure announcement and reevaluates ConverDyn's future outlook.